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Alberta to announce next steps for pipeline proposal on Thursday
Alberta will lead the filing after private pipeline companies declined the financial risk, while Indigenous groups are being offered possible equity stakes.
- By the July 1 deadline, Alberta will submit its proposal for a new West Coast oil pipeline to Ottawa's Major Projects Office, moving forward without private-sector backing despite initial industry interest.
- Major companies, including Enbridge Inc., have declined to assume the financial risk of developing a new conduit, forcing Alberta to act as the project's initial proponent to meet development goals.
- The Coastal First Nations alliance reaffirmed opposition to a northern route on Monday, pushing Premier Danielle Smith's preferred project toward southern British Columbia instead.
- Offering Indigenous nations an equity stake, the government aims for a 14-month approval process with potential oil flow by 2033 or 2034, though specifics remain absent from the initial application.
- Following the February 28 Strait of Hormuz disruption, which throttled roughly 20 per cent of global supplies, International Energy Agency Executive Director Fatih Birol noted markets are scrambling for secure fuel sources.
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Coverage Details
Total News Sources27
Leaning Left10Leaning Right2Center6Last UpdatedBias Distribution56% Left
Bias Distribution
- 56% of the sources lean Left
56% Left
L 56%
C 33%
11%
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